. . .
K “But do they really want them to be financially literate.”
J “Who wants a citizenry to be financially literate. Illiteracy is so profitable.”
K “What would they teach.”
. . .
K “For a few hours, they should teach them simply to consume less. That is the answer. Devour less. That goes against the spend and spend and spend and consume and consume and consume mantra they are fed every waking moment on every medium everywhere they venture.”
J “The same corporations and institutions that ceaselessly propagandize them to spend then underwrite a few hours of instruction advising them, in effect, not to spend.”
. . .
K “You could teach supply and demand, yet supply and demand no longer drive or dictate price.”
J “Price/earnings ratios remain a sound financial metric in an economy with accurate price discovery. With all the government and private sector manipulation and intervention, they are not relevant or reflective metrics of reality.”
. . .
K “Markets do not exist. The ‘stock market’ is a Racket. What few insider trading cases are prosecuted are overturned and repudiated by obliging federal appellate courts doing their job protecting the Kleptocracy.”
. . .
K “Personal finance courses would at core contradict all the carpet bombing saturation advertising inflicted on the public. And look how the consequences define our age. We have evolved from the ‘Stone Age’ to the ‘Bronze Age’ and now to the ‘Debt Age’.”
J “Still prudent to avoid debt at any cost unless the return is nearly certain. The debt one assumes to spend time around a college may not be worth the return.”
K “To the individual and also to society. Buying a used car and not eating at a restaurant are sound pieces of financial literacy advice. However, someone must buy new cars and frequent restaurants on occasion.”
J “The loans for new cars exceed the expected life of the cars. Restaurants are moving to computer ordering and eliminating the wait staff.”
. . .
K “All prices are manipulated and manufactured. What would you teach.”
J “Most current economic curricula in America’s colleges and universities is a secular religion built on inaccurate assumptions and the conviction that growth can continue forever.”
K “To educate the Nobel Prize winners in Economics in economics, night classes in financial literacy could be offered.”
J “The classes for them would need to be scheduled around their daily teaching schedules propagandizing the religious orthodoxy.”
. . .
[See the discussions of the “Save” program and the “Credit Abuse Resistance Education” program.]
[See the e-commentary at “Consume, Don’t Invest (Nov. 9, 2009).”]
Bumper sticker of the week:
“The more flak you get the closer you are to the target.” World War Two bomber’s observation
e-commentary 
Does Any Institution In America Function? Oh, And Happy Friday The 13th! (December 9, 2019)
Posted in Academia, Banks and Banking System, Congress, Democrats, Federal Courts, Federal Reserve, Institutions, Jurisprudence Award, Kleptocracy, Law, Medicine, MIC, MICAC, Military, MSM, Noble Prize in Jurisprudence, Pushitzer, Pushitzer Prize In Commentary, Republicans, Supreme Court on December 9, 2019 by e-commentary.org. . .
J “I need one more day.”
. . .
K “You don’t have to name three, just nominate one.”
J “One institution after the other after the other after the other after the other after the other after the other has failed and continues to fail. And that is even after lowering the standards to the point that the bar is on the floor. One more day, I need.”
. . .
K “The legal system at every level is a fraud and a racket. We live in a country with many, many, many rules and many, many, many laws, but we do not live in a country that believes in or adheres to the rule of law. There is no law, there is only ideology.”
J “The medical and health care / sick careless system is a racket and a fraud. I drive by the health insurance company skyscraper and reflect that not one person in the monolith has ever applied a band aid to a patient. There is no care, there is only profitability.”
. . .
K “The economic system is rigged at every step and turn to loot every last dollar from the people for the benefit of the Kleptocrats. What is the end game for the expendable consumers who soon will have nothing left to bleed?”
J “The MSM media is a wholly owned subsidiary of the Kleptocrats. The message is tightly controlled by obedient droves of stenographers. As a first step, everyone should skip ‘The Wall Street Journal’ and jump over to ‘Wall Street On Parade’ produced by Pam Martens and Russ Martens.”
K “Academia is a substantially owned subsidiary of the Kleptocrats. The message on the critical issues is also controlled and shaped by the corporate sponsors. The campus buildings are all named for brigands; their kids and grandkids are admitted to skip the classes conducted in the namesake halls. The hallowed halls are hollow holes. The MIC is now expanded to include Congress and Academia in the MICAC.”
. . .
K “Every agency from the Federal Aviation Administration (FAA) to the Federal Maritime Commission (FMC) – in the air and on the sea – is corrupt and incompetent. Regulatory capture exists at just about every regulatory agency.”
J “Furlough the ‘L’ out of the Bureau of Labor Statistics (B“L”S). To determine the real rates of unemployment, a citizen must search in the shadows at “Shadow Government Statistics” prepared and analyzed by the dedicated and informed John Williams.”
K “And then there is the Federal Reserve. Probably no other institution, less one and perhaps two, has inflicted more grief and despair on the ordinary citizen with less publicity and notoriety than the Federal Reserve.”
J “And related agencies such as the Securities And Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and the Federal Deposit Insurance Corporation (FDIC) are pernicious because they fool the citizen into believing that someone is watching out for him or her.”
K “And the Department of Defense (DoD) exists primarily to spend money, drop bombs, and kill people but not to provide for the common defense.”
. . .
J “The CIA and the FBI are a threat to every citizen at home and abroad and now may be affiliated with and advancing the interests of one political party.”
K “The police in every burg and borough are paramilitary forces occupying the city and the county and the country. Very few understand that the real Occupy movement in America grinds on.”
. . .
K “Even many of the vaunted NGOs (Non-Governmental Organizations) surreptitiously serve the government’s interests. The Organisation for the Prohibition of Chemical Weapons (OPCW) is a front for the MICAC and shielded by the MSM that advances the propaganda.”
. . .
J “Local EMTs and fire departments are generally contributing to the public good.”
. . .
J “The National Credit Union Administration (NCUA) is a credit worthy institution administering its duties dutifully.”
K “Despite unrelenting opposition from the White House, Republicans and industry, the Environmental Protection Agency (EPA) is doing what it can to reduce the plundering and the pummeling of the Planet.”
. . .
K “The ACLU is fighting the good fight.”
J “Planned Parenthood is improving our plight.”
. . .
[See “Journalist: Newsweek Suppressed OPCW Scandal And Threatened Me With Legal Action” and other articles in “caitlinjohnstone.com” by Caitlin Johnstone, the 2019 recipient of the Pushitzer Prize In Commentary, dated December 8, 2019 and the discussion of e-con-omics in “Against Economics” in “The New York Review of Books” by David Graeber dated December 5, 2019.]
[See the e-commentary at “Here Comes Da Judge; Dere Goes Da Justice (August 31, 2015)”, “The FBI File: The American Imprimatur Of Success (January 18, 2016)”, “Suing Law Schools; Suing Gun Makers. Oh, And Happy Law Day! (April 30, 2018)” and “Clinton, Inc., Trump, Inc., Bush, Inc., Kennedy, Inc., O’Bama, Inc. (October 24, 2016)”.]
Bumper stickers of the week:
“Every great cause begins as a movement, becomes a business, and eventually degenerates into a racket.” Eric Hoffer
America is a racket not a republic.
“If the misery of the poor not be caused by the laws of nature, but by our institutions, great is our sin.” Charles Darwin
There is nothing you can do to make any material change of any kind in any way today.
“Start where you are. Use what you have. Do what you can.” Arthur Ashe
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